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since the '30s. >> we were tying it all the way remember with bill clinton, becky, bill clinton realizes no matter what happens the next four years will be good, housing recovers, so if he doesn't make sure the president's reelected then hillary can't run in 2016 because romney would be an eight-year president. whoever is there is going to get credit for it. steve, are we guaranteed the next four years as housing recovers no matter what policies we pursue it's going to be 3% or 4% growth? >> sadly no. in 2008 before we had the financial panic in september and depressed housing markets like phoenix, las vegas and a couple other areas we started to see signs of life again so if you get government out of the way, housing would recover far more quickly and let the markets clear, recover far more quickly. the key thing you got to have stable money, don't pile on new taxes and don't pile on all of the new regulations that are coming. those are crushers. >> i want to know whether reinhardt-rogoff was right. if we stay slow for four years it was more than the financial crisis, that washington po
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